Traficanti Joseph J 4
4 · UNITED NATURAL FOODS INC · Filed Sep 28, 2017
Insider Transaction Report
Form 4
Traficanti Joseph J
SVP, General Counsel, CCO
Transactions
- Tax Payment
Common Stock
2017-09-26$44.39/sh−83$3,684→ 10,030 total - Award
Phantom Stock
2017-09-26+3,424→ 13,485 total→ Common Stock (3,424 underlying)
Footnotes (3)
- [F1]As described in footnote 3, on September 26, 2017, the reporting person became entitled to receive 3,507 shares of United Natural Foods, Inc. (the "Company") common stock in settlement of a like number of performance units. The Company retained 83 of these shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
- [F2]The security converts to common stock on a one-for-one basis subject to the terms of the United Natural Foods, Inc. Deferred Compensation Plan.
- [F3]On September 21, 2016, the reporting person was granted 3,490 performance units eligible to vest at target levels of performance (with vesting of more or less shares possible based on actual performance) based on the extent to which certain EPS, Adjusted EBITDA, Adjusted ROIC and total shareholder return performance targets were met for fiscal 2017. Based upon the Company's performance against the applicable performance targets, 3,507 performance units subject to such criteria vested on September 26, 2017, resulting in the issuance of 3,507 shares of the Company's common stock to the reporting person. The reporting person had previously elected to defer 100% of the shares vested to the Company's Deferred Compensation Plan.